3 ms·
Really? Are you saying comparative advantage doesn't exist?
by antidesitter 8y ago
Really? Are you saying comparative advantage doesn't exist?
- rapsey 8y agoOnly maybe in a pre-industrial world where economies are nothing but fishing, farming and mining. Our economies are largely service and manufacturing based. Is one country better at programming, manufacturing, cooking, etc. then another? All of these things are taught and developed. Any country can become good at any of these service or manufacturing jobs. China is a manufacturing powerhouse, but so is the US, Germany and South Korea. China and South Korea both had extremely clear strategies set forth by their governments to develop a manufacturing base over the past 30 years. What point in there in some comparative advantage theory? Nothing is innate and unchangeable. Just good economic policy.
- antidesitter 8y agoYour comment gives me the impression that you don't know what comparative advantage is. Comparative advantage doesn't mean things are "innate and unchangeable". That's nonsense.